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Council of Europe Development Bank lends EUR 5 mln to Romanian-founded fund supporting Roma entrepreneurs
- The Council of Europe Development Bank (CEB) signed a EUR 5 million loan agreement with the REDI Fund, an investment vehicle established by the Roma Entrepreneurship Development Initiative.
- The money will support Roma-owned businesses and small companies employing Roma workers in four countries.
- The agreement was signed in Paris on November 9 by CEB vice governor Tomáš Boček and REDI Fund director Petrică Dulgheru, a Romanian chemist and founder of the REDI network.
- Backed by a guarantee from the CEB’s Social Impact Account, the loan is expected to generate more than EUR 8 million in…
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